EquityPandit’s Outlook for Colgate Palmolive for week (August 03, 2015 – August 07, 2015):

Colgate Palmolive:

Colgate Palmolive (NSE: COLPAL) closed the week on negative note losing around 3%.

As we have mentioned last week that if the stock manages to close above the levels of 2090 the stock can move to the levels of 2150 where upward moving trend-line is positioned. The stock was not able to close above the levels of 2090 and the stock sold off to the levels of 1948 during the week on back of quarterly results.

Support for the stock lies in the range of 1900 to 1930 where 200 Daily SMA and trend-line support are positioned.

Resistance for the stock lies in the zone of 2020 to 2040 where short term moving averages and 100 Daily SMA are positioned.

Broad range for the stock is seen between 1880 to 1900 on lower end and 2030 to 2050 on upper end.